Business Interruption – a perfect storm in claims

06/06/2023 | Online Zoom Conferencing

In this market briefing experienced Business Interruption adjusters / forensic accountants will discuss BI claims in the current challenging business environment and question if insurers are paying out more than they should on BI claims?

Learning Objectives

At the end of this session, delegates will be able to:

  • Outline additional external factors influencing BI losses
  • List additional internal factors influencing BI losses
  • Describe & identify any alternative or market sources for relevant data
  • Explain how to be prepared for longer interruption periods.

About the Presenters

Terri Adams

Director, Specialist Adjusting, Charles Taylor

Terri has over 30 years of adjusting and forensic accounting experience. She joined Charles Taylor Adjusting in 2020 just as the first lockdown started. Specialising mostly in Business Interruption claims across many sectors, she also handles cyber, product recall and advance loss of profits claims. She is often involved in complex recoveries on third party claims. She has extensive experience of mediation, arbitration and expert witness appointments.

Joe Prince

Senior Manager in the Forensic Accounting division of Charles Taylor

Joe is a senior manager who has assisted in setting up the London forensic accountant team here at Charles Taylor, which has been growing since he joined in July last year. Prior to joining Charles Taylor, he previously worked and trained at Baker Tilly (formerly known as RGL forensics) and has over 9 plus of experience as a forensic accountant working with many Insurers and law firms around the world, and assisting in the quantification of major and complex losses in a range of industries and sectors, such as energy, cyber, property, contingency and more. More specifically he has been involved in the quantification of property business interruption / contingent business interruption, as well as other areas.